3 ms·

Why would they have no leadership at all? I suspect I can find a few willing to do it for a few paltry million, or maybe less.

• JumpCrisscross 11mo ago
  > suspect I can find a few willing to do it for a few paltry million Run an automotive giant? We're still in the thread where the argument for acquiring talent is to pay more, right?
  • orwin 11mo ago
    'talent'. Talent here is very often having friends on the board, through common investments and co-ownership of those private jet/ luxury yacht/luxury hostel rentals that operates 'at a loss' (you only pay consumption taxes on your direct spending, if the company rent you the plane for the cost of kerosene, and you pay yearly through your holdings for fixed costs, you avoid a lot of taxes. Tips from a friend who works at one of those places).
    • JumpCrisscross 11mo ago
      > Talent here is very often having friends on the board And the customers' boards and management teams. And the suppliers'. And the regulators' and electeds'.
      • mapontosevenths 11mo ago
        This isn't a good thing. That network of insiders colluding behind the scenes are NOT providing optimal results for the shareholders, or for the market in general. They are instead optimizing their own short term gains at the expense of everyone else. A bunch of good old boys making handshake deals with their buddies aren't actually choosing the best products and services for the best price, and the companies they helm will eventually suffer for it as the entire market does each time it happens.